Financial Authority Policy Appendix 1

Approval LevelStaff DesignationMaximum financial authority for a single transaction within approved budget (NZ$, GST exclusive)Includes Capital expenditure within area's approved budget
Level B Chief Financial Officer, Senior Deputy Vice-Chancellor $500,000 Yes
Level C Deputy Vice-Chancellors, Assistant Vice-Chancellor $250,000 Yes
Level DDeans and Directors of Divisions $100,000 Yes
Level E Associate Deans, Deputy Heads or Equivalent $50,000 Yes
Level F Chairpersons/Heads of Departments/Schools, Managers, Unit Directors or Equivalent $15,000 Yes
Level G Faculty/School/College/Division Business/Administrative Managers $10,000 No
Level H Department/Cost Centre Alternates (Acting) $10,000 No
Level I Administrative Managers $5,000 No
Level J Administrative Staff/Personal Assistant with a significant range of  financial responsibilities $3,000 No
Level K Administrative Staff/Personal Assistant with a range of financial responsibilities $2,000 No
Level L Administrative Staff/Personal Assistant with moderate financial responsibilities $1,000 No
Level M Secretary/Personal Assistant with limited financial responsibilities $250 No
Level P PCard authority only (no financial delegation for Unimarket) $250 No

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